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Published on : Wednesday, August 23, 2017
On Tuesday, Bill Haslam, the Tennessee Governor and Kevin Triplett, Commissioner of the Department of Tourist Development declared the direct domestic and international travel expenditures of Tennessee tourism. It reached $19.3 billion in 2016, a record high of all times. This accounted an up of 4.7 percent over the previous year, as per the U.S. Travel Association report.
The tourism topped with $1 billion in state and local sales tax revenue. It remained this for 11consecutive years, reaching $1.7 billion whatsoever. Over 2015, it marks a 6.7 percent growth, higher than the national growth of travel related state tax revenues. For Tennesseans, tourism generated more than 176,500 jobs which accounted a 3.3 percent growth annually.
To quote Governor Haslam, “More people from around the world continue to visit Tennessee each year. The $1.7 billion in sales tax revenue and job growth are good news for everyone in Tennessee. The hard work of the tourism industry, led by the Department of Tourist Development and Tennessee Tourism Committee, continues to produce record results and dedication to boost Tennessee’s economy.”
Five nations went beyond the one billion benchmark in travel expenditures including Davidson ($5.996 billion), Shelby ($3.335 billion), Sevier ($2.217 billion), Hamilton ($1.060 billion), and Knox ($1.056 billion). All 95 counties saw more than $1 million in direct travel expenditures in the economic impact of tourism and 19 counties saw more than $100 million.
“The economic impact growth of the tourism industry is a result of guests from around the world discovering everything that makes Tennessee ‘The Soundtrack of America,’” Commissioner Triplett said. “It starts with what we have; the music, history, culture and experiences. It is enhanced by how those things are managed. The authenticity and Southern hospitality from our communities and partners create an environment for our guests in a way not only that helps them enjoy their stay but motivates them to return. These numbers are a reflection of Tennessee becoming a destination of choice. But a critical component of this is they do not include the staggering capital investments being made by tourism partners across the state to enhance the experience.”
Tags: Tennessee tourism